Tweet… is from page 4 of the 1976 second edition of my late, great teacher Leland Yeager’s magisterial International Monetary Relations: Theory, History, and Policy (original emphases; footnote deleted): Our opportunity for gain is genuine regardless of why foreigners sell so cheaply. Perhaps the foreign widgets are cheap because the climate is ideal for their…
Quotation of the Day…
Quotation of the Day…
24 Jan 2024 Leave a comment
in applied price theory, applied welfare economics, history of economic thought, international economics
The misguided South African “genocide” accusation
23 Jan 2024 Leave a comment
in defence economics, economics of crime, International law, law and economics, laws of war, war and peace Tags: Gaza Strip, Israel, Middle-East politics, war against terror
If you’ve been following the charade that is South Africa’s (SA’s) claim at the International Court of Justice that Israel is committing genocide in Gaza, you’ll know that SA—that paradigm of good governance and equity—is relying heavily on statements by Israeli officials and military people made right after October 7—statements to the effect that Gazans […]
The misguided South African “genocide” accusation
January 22, 1901: Death of Queen Victoria of the United Kingdom and Empress of India
23 Jan 2024 Leave a comment
in economic history Tags: British history
Victoria (Alexandrina Victoria; May 24, 1819 – January 22, 1901) was Queen of the United Kingdom of Great Britain and Ireland from June 20, 1837 until her death. On May 1, 1876, she adopted the additional title of Empress of India. Known as the Victorian era, her reign of 63 years and seven months was […]
January 22, 1901: Death of Queen Victoria of the United Kingdom and Empress of India
Canadian university advertises for scientists expert in Indigenous “ways of knowing”
23 Jan 2024 Leave a comment
in economics of education, liberalism, Marxist economics Tags: Age of Enlightenment, conjecture and refutation, free speech, philosophy of science, political correctness, regressive left
The combination of Canadian wokeness and the migration across the Pacific of New Zealand’s “indigenous ways of knowing” trope has led to this ad by The University of Victoria. The U of V wants to hire three candidates in any branch of science with expertise “in either (a) working with Indigenous ways of knowing, or…
Canadian university advertises for scientists expert in Indigenous “ways of knowing”
Doing the jobs the SF cops won’t do
23 Jan 2024 Leave a comment
in economics of crime, entrepreneurship, law and economics Tags: crime and punishment, law and order
Back in the lockdown depths of 2020 I posted about series of YouTube videos made by a former NASA engineer called Mark Rober who had built a fantastic set of squirrel mazes and then videoed the little buggers getting around his obstacles to get to the bowls of nuts that were the prize. But I’d […]
Doing the jobs the SF cops won’t do
Creative destruction
23 Jan 2024 Leave a comment
in economic history, economics of information, entrepreneurship, industrial organisation, survivor principle Tags: creative destruction
📸 Look at this post on Facebook
https://www.facebook.com/share/R7xogU9mejANPGQZ/?mibextid=RXn8sy
Will Milei succeed in Argentina?
22 Jan 2024 Leave a comment
in applied price theory, budget deficits, comparative institutional analysis, development economics, economic growth, economic history, economics of bureaucracy, economics of regulation, fiscal policy, growth disasters, income redistribution, labour economics, liberalism, libertarianism, macroeconomics, Marxist economics, monetary economics, Public Choice, public economics, rentseeking Tags: Argentina
I give him a 30-40% chance, which is perhaps generous because I am rooting for him. Bryan Caplan, who is more optimistic, offers some analysis and estimates that Milei needs to close a fiscal gap of about five percent of gdp. I have two major worries. First, if Milei approaches fiscal success, the opposing parties […]
Will Milei succeed in Argentina?
A boom
22 Jan 2024 Leave a comment
in development economics, economic history, entrepreneurship, financial economics, growth disasters, growth miracles Tags: India
📸 Look at this post on Facebook
https://www.facebook.com/share/utqMWmwSv6CsNYNR/?mibextid=RXn8sy
Shift to renewable energy would make economic growth impossible, says expert
22 Jan 2024 1 Comment
in applied price theory, development economics, economic growth, energy economics, environmental economics, global warming, macroeconomics Tags: climate alarmism
By Paul Homewood h/t Philip Bratby Even climatologists are beginning to realise that the emperor has no clothes! Economic growth as we know it is impossible if governments shift to 100 per cent renewable energy, a renowned French climatologist has said. Jean-Marc Jancovici, the author of World Without End, the […]
Shift to renewable energy would make economic growth impossible, says expert
Quotation of the Day…
21 Jan 2024 Leave a comment
in labour economics, Milton Friedman, unions
Tweet… is from page 124 of Milton and Rose Friedman’s essential 1962 volume, Capitalism and Freedom: If unions raise wage rates in a particular occupation or industry, they necessarily make the amount of employment available in that occupation or industry less than it otherwise would be – just as any higher price cuts down the…
Quotation of the Day…
French ‘rubbing their hands’ as Britain forced to import £1.5bn of electricity
21 Jan 2024 1 Comment
in energy economics, environmental economics, global warming
Another expensive and wasteful result of ‘net zero’ climate obsession in government, as the much vaunted renewables policy continues to prove fatally flawed, no matter how much is spent on it. One obvious problem with wind power is that the times of peak electricity demand and the times of optimal wind conditions rarely coincide. In […]
French ‘rubbing their hands’ as Britain forced to import £1.5bn of electricity
MICHAEL BASSETT: TV ONE’S BEAT-UP ON THE TREATY AND THE KING’S HUI
21 Jan 2024 Leave a comment
in discrimination, economic history, income redistribution, law and economics, liberalism, Marxist economics, politics - New Zealand, property rights, Public Choice, rentseeking Tags: constitutional law
Last Friday night, TV One’s lead item on the 6pm news was a story by reporter Te Aniwa Hurihanganui. She had scored a leaked piece of advice not yet considered by Cabinet that was intended to warn ministers in the new government that they would run into trouble with Maori if they backed David Seymour’s…
MICHAEL BASSETT: TV ONE’S BEAT-UP ON THE TREATY AND THE KING’S HUI
Bill Maher has a new rule, which is his
21 Jan 2024 Leave a comment
in liberalism, Marxist economics, politics - USA, television, TV shows
Here’s an eight-minute clip from Bill Maher in which he touts a new rule: 2024 is supposed to be “The Year of Sanity”. Maher gives several examples of pervasive insanity, the most prominent being the likely reelection of Trump as President. He also mentions tolerance of shoplifting, pro-Palestinian activists, admiration for the Houthis, frantic rumors […]
Bill Maher has a new rule, which is his
Utopia, you are standing in it! 
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